MarketResearch.biz has recently published its market research report titled, “Europe DTH Drill Rigs Market by Type (Crawler, and Wheel), by Application, and by Country – Forecast from 2020 to 2029”. The report offers a deep-dive analysis of the Europe DTH drill rigs market. It is through systematic and exhaustive research efforts, both primary and secondary, as well as ideal segmentation that the research results have been gleaned over the study period. The report also presents the first five-year cumulative revenue (2020–2024), which is projected to be valued at around US$ 1.2 Billion, and this is expected to increase quite significantly over the latter part of the five-year forecast period.
DTH, down-the-hole, is a traditional method designed and developed to drill holes of large diameters in downward direction into earth, stones, and most types of rocks. DTH drill rigs are widely adopted by companies in the mining and construction industries for various applications including drilling water wells, and foundation drilling in the construction industry. It is also used for a variety of applications in the oil & gas industry.
Browse the full “Europe DTH Drill Rigs Market By Type (Crawler, And Wheel), By Application, And By Country – Forecast From 2020 To 2029” report at https://marketresearch.biz/report/europe-dth-drill-rigs-market/
Europe DTH Drill Rigs Market: Dynamics
Increasing demand and adoption of natural resources and minerals in the countries in Europe and increasing number of mining activities is expected to result in rising adoption of equipment. This is among the major factors projected to propel growth of the market. In addition, rapid development of the oil & gas industry, inclining demand for diamonds, gold, among other precious metals are additional major factors projected to support growth of the market.
High cost of DTH drill rigs equipment set-up and installation, stringent regulations governing construction and mining activities, and adverse impact of DTH drill process on the environment are major factor that could hinder revenue growth of the target market.
Europe DTH Drill Rigs Market: Market Forecast
The comprehensive research report comprises a complete forecast of the Europe DTH drill rigs market based on factors affecting or impacting the market and the resulting and projected scenario in the foreseeable future. According to the forecast projections, revenue from the Europe DTH drill rigs market is expected to expand at a CAGR of 3.6% over the forecast period.
Europe DTH Drill Rigs Market: Segmental Snapshot
The market report has been segmented on the basis of type, application, and country. The type segments include crawler type, and wheel type. The application segments include mining industry, and construction industry. The countries covered in the analysis include Germany, UK, France, Italy, Russia, Spain, and Rest of Europe.
Type: The crawler type segment is expected to witness highest growth rate of over 3.5% in the target market
Application: The construction industry segment is projected to record highest CAGR of more than 3.7% over the 10-year forecast period
Country: The market in France is projected to record largest revenue share in the Europe DTH drill rigs market, and is projected to register highest CAGR of more than 4.4% over the 10-year forecast period
Europe DTH Drill Rigs Market: Competitive Analysis
The research report on the Europe DTH drill rigs market include profiles of some major companies such as Liebherr Group, Caterpillar Inc., Sandvik AB., Trevi-Finanziaria Industriale S.p.A. (Soilmec S.p.A.), Bauer AG (Bauer Maschinen GmbH.), Sunward Intelligent Equipment Co., Ltd. (Sunward Europe Heavy Industry NV), BBURG International GmbH & Co. KG., MAIT S.p.A., MAX STREICHER GmbH & Co. Kommanditgesellschaft auf Aktien, and Casagrande S.p.A.
“Europe DTH Drill Rigs Market: Industry, Size, Share, Growth, Trends, and Forecast, 2020–2029” report has been prepared based on in-depth market analysis, with inputs from industry experts. This report covers the present scenario and growth prospects of the Europe DTH drill rigs market for 2019–2029, which is a 10-year forecast period.
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